Patagonia Gold

Patagonia Gold Corp. is a publicly traded mining and exploration company focused on creating shareholder value through the acquisition, exploration, and development of gold and silver projects primarily located in the Patagonia region of Argentina. The company operates in a mining-friendly jurisdiction, benefiting from existing infrastructure and a skilled local workforce in the Deseado Massif geologic region of Santa Cruz province, a well-known area for precious metal mines.

Originally incorporated in 2000 as HPD Exploration Plc, a subsidiary of Brancote Holdings Plc, the company listed on London's AIM in March 2003 as Patagonia Gold Plc. A significant transformation occurred in July 2019 when the company completed a reverse takeover of the Canadian-listed Hunt Mining Corp., subsequently changing its name to Patagonia Gold Corp. and listing on the TSX Venture Exchange (TSXV: PGDC). This transaction substantially enlarged the company's portfolio, making it one of the largest landholders in the Santa Cruz province with mineral rights to over 430 properties.

Leading the company is CEO Christopher van Tienhoven, who was appointed to the board on June 10, 2015. His extensive 25-year career in the mining industry includes senior roles with the Anglo American group and as Country Manager for Andean Resources, where he was involved in the major sale of the Cerro Negro project to Goldcorp Inc. Van Tienhoven's deep experience in Latin American mining and M&A, backed by an economics degree from the Wharton School, directly informs the company's growth strategy.

The company's business model is centered on advancing its portfolio of mineral properties from exploration to production. Revenue is generated from the sale of gold and silver produced from its operations. In 2024, Patagonia Gold reported revenue of US$8.8 million. Operations include residual heap leaching at the Cap-Oeste and Lomada de Leiva projects, which have historically produced significant quantities of gold and silver. A primary focus is the development of the high-potential Calcatreu gold and silver project in the Rio Negro province, which holds a resource of over one million gold equivalent ounces. The company recently secured full permits and a US$40 million investment to advance Calcatreu's construction, with the goal of commencing leaching operations by the end of 2025.

Keywords: gold exploration, silver mining, Argentina mining, Patagonia region, precious metals, mineral development, TSX Venture Exchange, Calcatreu project, Cap-Oeste mine, Lomada de Leiva, Deseado Massif, South America mining, mining finance, mineral resources, epithermal deposits, heap leaching, exploration drilling, junior mining, Rio Negro province, Santa Cruz province, gold production, silver production, mining investment